Gateway Communications is considering a project with an initial fixed asset cost of $2.46 million which will be depreciated straightline over the 10year life of the project. At the end of the project the equipment will be sold for an estimated salvage of $300,000. The project will not directly produce any sales but will reduce operating costs by $725,000 a year. The tax rate is 35 percent. The project will require $45,000 of inventory which will be recouped when the project ends. Should this project be implemented if the firm requires a 20 percent rate of return? Why or why not? a. No; The NPV is $224,937.49 b. No; The NPV is $156,627.21 c. Yes; The NPV is $251,860.34 d. Yes; The NPV is $387,516.67 e. Yes; The NPV is $466,940.57 please show me the steps. So I can solve it by financial calculator